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The Stack's Bowers Galleries October 2020 Ancient & World Coins Collectors Choice Online Auction Realizes Over $1.2 Million
By Stack's Bowers Galleries
Author: Stack's Bowers Galleries
Friday, October 30, 2020
Santa Ana, CA (October 30, 2020) – Demonstrating the continuing success of their Collectors Choice Online (CCO) auctions, Stack's Bowers Galleries is excited to announce that their October 2020 online offering of ancient and world coins, medals and paper money brought just over $1.22 million. The sale of 2,543 lots surpassed the presale estimate and featured an impressive sell through rate of 93.2%. This marks the first time that the firm has exceeded the $1 million threshold for their online-only auction program, and demonstrates the intense following the auction house has established for its wide-ranging numismatic material. Record highs are being set for both consignment and participation in these online auctions, and an increase in the number of these sales is likely to follow to meet the demand. (All prices include the buyer's premium.)
The leading price was garnered by an interesting and rare double countermarked 8 Reales from the Philippines, that featured the authorities of both Ferdinand VII and Isabella II and brought $43,200. An argent and lustrous Chinese Dollar from Kiangnan sold for $32,400.
Latin America continued to display its robust market as a 1726 Brazilian 20,000 Reis fetched $11,400, and a first year issue 1921 Mexican 50 Pesos was bid to $10,800.
Ancient coins were also strong performers, with Roman gold taking center stage. A lustrous, near-Mint Aureus of Lucius Verus sold for $12,000, while a similar issue from later emperor Caracalla improved upon that amount, bringing $14,400.
A particularly notable result from the currency portion of the sale was a 1918 Filipino 500 Pesos Treasury Certificate that realized $12,000.
The Stack's Bowers Galleries world coin and currency team is now busy preparing their always highly anticipated January sale—an officially sanctioned auction of the 2021 NYINC—with their next CCO following quickly in February. If you would like to take advantage of this great market climate and consign either single items or collections and inventories, please call 800-458-4646 or email [email protected] A consignment director will be happy assist you in achieving the best possible return on your material.
About Stack's Bowers Galleries
Stack's Bowers Galleries conducts live, Internet and specialized auctions of rare U.S. and world coins and currency and ancient coins, as well as direct sales through retail and wholesale channels. The company's 80-year legacy includes the cataloging and sale of many of the most valuable United States coin and currency collections to ever cross an auction block — The D. Brent Pogue Collection, The John J. Ford, Jr. Collection, The Louis E. Eliasberg, Sr. Collection, The Harry W. Bass, Jr. Collection, The Joel R. Anderson Collection, The Norweb Collection, The Cardinal Collection and The Battle Born Collection — to name just a few. World coin and currency collections include The Louis E. Eliasberg, Sr. Collection of World Gold Coins, The Kroisos Collection, The Alicia and Sidney Belzberg Collection, The Wa She Wong Collection, The Guia Collection, The Thos. H. Law Collection, and The Robert O. Ebert Collection.
Topping off this amazing numismatic history is the inclusion of the world record for the highest price ever realized at auction for a rare coin, the 1794 Flowing Hair Silver Dollar graded Specimen-66 (PCGS) that realized over $10 million, part of their sale of the famed Cardinal Collection. The company is headquartered in Santa Ana, California, with offices in New York, Tulsa, Wolfeboro, Hong Kong, and Paris. Stack's Bowers Galleries is an Official Auctioneer for several important numismatic conventions, including American Numismatic Association events, the New York International Numismatic Convention, the Whitman Coin & Collectibles Spring, Summer and Winter Expos, and its April and August Hong Kong Auctions.